Oyetola Expresses Optimism for Nation’s Sustainable Prosperity with Newly Approved National Marine and Blue Economy Policy

Oyetola Expresses Optimism for Nation’s Sustainable Prosperity with Newly Approved National Marine and Blue Economy Policy

Hon. Adegboyega Oyetola CON, Hon. Minister of Marine and Blue Economy

With the recent approval of the country’s first-ever National Marine and Blue Economy Policy by the Federal Executive Council (FEC) on Monday, May 5, 2025, the Nigerian nation could be said to have taken a bold step toward unlocking the full potential of its marine and coastal resources.

The Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola (CON) has however lauded the landmark approval which marks a watershed moment in Nigeria’s economic and environmental trajectory, as he expressed strong optimism that the policy will lay the foundation for sustainable prosperity for the country.

According to a press statement signed by Dr. Bolaji Akinola, Media and Communications Adviser to the Honourable Minister, Federal Ministry of Marine and Blue Economy, Oyetola described the policy as a visionary framework for national development, as the Minister hailed the FEC’s decision as timely and transformative.

He further stated that the new policy will serve as a strategic guide for the development of the marine and blue economy sector over the next ten years, helping Nigeria harness the full value of its oceans, seas, rivers, and inland waterways. According to the Minister, the document provides not just policy direction, but a long-term implementation plan that aligns environmental protection with inclusive economic growth.

“This is a defining moment for our nation,” Oyetola said shortly after the policy’s approval. “The Federal Executive Council’s endorsement of this visionary policy signals a new dawn for Nigeria’s engagement with its marine and aquatic resources. It is not just a policy document — it is a bold declaration of intent.” He emphasized that the policy is designed to function as a living document, adaptable over time and responsive to global advancements, domestic realities, and sectoral innovation.

Oyetola explained that the policy was developed through a rigorous, inclusive process involving multilevel consultations with critical stakeholders across the country. He underscored the importance of that collaborative approach, noting that it lends both credibility and practicality to the final product.

“This is not a top-down document. It is the outcome of patient dialogue, expert input, and stakeholder consensus. That is why we are confident in its impact,” he said.

The Minister noted that Nigeria’s coastal and marine assets — spanning 853 kilometers of coastline and extensive inland waterways — have remained largely underutilized for decades. With the new policy in place, he said, the country now has a comprehensive blueprint to transform these resources into drivers of economic diversification, job creation, and environmental sustainability.

“We now have a policy that speaks to our aspirations and gives us the tools to achieve them. From maritime trade and aquaculture to blue tourism and clean ocean energy, this policy presents clear pathways to national development,” Oyetola remarked.

He stressed that the policy provides simple, actionable guidelines for both public and private stakeholders to align their efforts with Nigeria’s marine and blue economy agenda. It includes an embedded monitoring and evaluation framework to ensure measurable results and accountability over the policy’s ten-year lifespan. Oyetola assured that the Ministry of Marine and Blue Economy is fully prepared to lead the implementation phase with diligence and transparency.

Importantly, the Minister highlighted the pivotal role of private sector investment in realizing the policy’s goals.

“Private sector investments are crucial for implementing the National Marine and Blue Economy Policy,” Oyetola emphasized. “We strongly encourage domestic businesses and international investors to direct investment into activities that help to grow the marine and blue economy in Nigeria. Furthermore, Public Private Partnerships (PPPs) will be vital in mobilizing the technical expertise and financial capital needed to unlock the full potential of this sector.”

The Minister further noted that the policy aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which emphasizes economic expansion, climate resilience, and social inclusion.

“This policy reflects Mr. President’s vision of a reimagined Nigeria — one that draws strength from its natural endowments while safeguarding the environment for future generations,” he said.

Minister Oyetola reaffirmed his commitment to ensuring that the policy translates into tangible improvements in livelihoods, national revenue, and ecological well-being.

“It is time to turn the tide,” he declared. “The ocean is not just a boundary — it is our future. And with this policy, we are ready to navigate that future with clarity, purpose, and unity,” he added.